Don't Sell: Remodel and Save

Next time you think about buying a bigger home because you need an extra bedroom or bathroom think about remodeling instead. You could save big bucks on the transaction, enhance the equity in your home and get the features you need. Why pay 6% of the full value of your home in real estate fees when all you want is a few more rooms? On a $200,000 home that's $12,000 that could go towards the bathroom you need for your growing family.

Remodeling Magazine has an annual Cost V. Value Report that is eagerly awaited by homeowners and remodeling contractors every year. The average direct return on remodeling investment is 84%. On a $200,000 house that means you could afford to spend $75,000 on remodeling and still break even on transaction costs. Take a look at the Alternatives links on the right-hand side of the homepage for remodeling tips, ideas and information.